Topic: Transaction Confirmation if difficulty is very high - page 2. (Read 930 times)
I think that Bitcoin will fall in the long term, unless bitcoin banks or governments ask fees too keep hashing.
For that to occur the hashing power would need to drop dramatically (basically all ASIC would have to have somehow been stopped from mining) so such a situation is perhaps only likely in the case of some sort of major EMP event (i.e. massive solar flare that dwarfs any we have so far experienced).
A more likely scenario is the isolation of a geographic area from being able to use the internet that doesn't have enough hashing ability to solve blocks (although that sort of problem would probably only be applicable to countries like North Korea).
A more likely scenario is the isolation of a geographic area from being able to use the internet that doesn't have enough hashing ability to solve blocks (although that sort of problem would probably only be applicable to countries like North Korea).
According to some sources transactions are confirmed whenever a new block is found.
Will Bitcoin Transactions break if the difficulty to find new blocks is so high that a new blocks are only found every few days?
Will Bitcoin Transactions break if the difficulty to find new blocks is so high that a new blocks are only found every few days?
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